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Carnaby Resources Ltd (ASX: CNB) has announced a trading halt

Carnaby Resources Ltd (ASX: CNB) has announced a trading halt.

There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement.

Carnaby Resources Ltd is requesting a trading halt pending an announcement related to a material capital raising.

Trading halts are typically enacted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch or due to regulatory concerns.

Halts may also be triggered by severe down moves, in what are called circuit breakers or curbs.

The trading halt will remain in place until normal trading commences on January 25, 2022 or when the company announcement is made.

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